The european challenge
Brussels, Paris, Berlin, we have a problem...
The fundamentals doesn’t look good and we need to react
What is going up in Europe?
Colleagues, looking at the economic performance of the old continent we are more and more lagging behind in performance and life quality. Everyday news sends messages of inner economic shadows and show how we are losing ground with other economic powers like the US and China. Our actions are wrongly focus on political correctness and meanwhile we forget where the world is moving to for example in sectors like innovation, technology, defense, and value generation.
The relevance of the EU in the world has come down since 2017 a and is expected to keep being less relevant economy in the coming years. IMF estimates that the EU will represent only 13% of the world economy in 2029. This is for me quite shocking and represents the wrong direction of our policies and our approach to the world context.
This means we are falling behind and will become the less relevant of the bigger blocks for the rest of the decade.
To be honest this is a failure that will hunt us in the generations to come.
But where is the problem? and what can we do about it?
Be the first to comment